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NNPC Issues Statement On Increment In Prices Of Petroleum Products

Today, the Nigerian National Petroleum Corporation (NNPC) in Abuja reaffirmed that there was no plan to increase the prices of petroleum products.

In a statement, Ndu Ughamadu, the corporation’s Group General Manager, Public Affairs Division, said there was no plan to increase prices at the ex-depot level and pump price ahead of the forthcoming yuletide.Though there had been a rift between the Independent Marketers Association of Nigeria and the Depot and Petroleum Marketers Association over discrepancies in ex-depot prices of petroleum products.

Ughamadu said that the ex-depot petrol price of N133.38 per litre and pump price of N143/N145 per litre had not changed. He assured the public that the corporation had enough stock of petroleum products to ensure seamless supply and distribution of products across the country, especially during the yuletide.

“The NNPC has the full commitment of all downstream stakeholders, including petroleum marketers and industry unions to cooperate in achieving zero fuel scarcity this season and beyond. We enjoin motorists not to engage in panic buying or indulge in the dangerous practice of stocking petroleum products in jerry cans at home. The Petroleum Products Marketing Company and NNPC Retail Limited are fully geared up to ensure that motorists enjoy uninterrupted access to petrol throughout the nation,’’ Ughamadu said.